Yacht Loans
You can benefit from TEB Yacht Loans for your first or second hand yacht purchases. With TEB Yacht Loans, by giving as collateral a real estate property, you can get a loan that amounts to up to 75% of the value of the yacht you want to purchase.
You can arrange to make your re-payments either in YTL or foreign currencies in installments that go up to 60 months.
To receive a TEB Yacht Loan, you need:
- A copy of your national I.D. card or driving license
- Your residential documents or last month's electricity, phone, water, or gas bill that is addressed to you
- If you own a business, your tax record and your trade paper registry; if you are salaried worker your wage slip
- A copy of the own title deed of the property you are giving as collateral
- Pro forma receipt or the registry documents of the yacht you will purchase.
Depending on the loan you request extra documents or collaterals may be asked for. You can contact the TEB Telephone Branch at 444 0 666 to get detailed information about TEB Personal Financing Loans and visit TEB Branches that are also open at noon to make your application.